We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Pentair (PNR) Q1 Earnings and Revenues Beat Expectations
Read MoreHide Full Article
Pentair Plc (PNR - Free Report) , a diversified industrial manufacturing company, reported first-quarter 2018 results, wherein adjusted earnings of 88 cents beat the Zacks Consensus Estimate of 83 cents.
Revenue: Pentair posted revenues of $1.27 billion, surpassing the Zacks Consensus Estimate of $1.25 billion.
Earnings Estimates Revision: The Zacks Consensus Estimate for first quarter has been stable over the past 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of nearly 1.9%.
Outlook: Pentair expects adjusted earnings per share between $2.25 and $2.30 for fiscal 2018. Sales is projected at $2.96 billion, up 3 to 4% on a reported and core basis over 2017.
Pentair initiated second quarter adjusted earnings per share guidance range of 67-69 cents. Sales is expected to be around $0.79 billion, up 4 to 5% on a reported basis and up 3 to 4% on a core basis compared to second quarter 2017. Both the guidance ranges reflect the anticipated separation of its Electrical business, nVent Electric plc, on April 30, 2018.
Market Reaction: Pentair’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Pentair earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Pentair (PNR) Q1 Earnings and Revenues Beat Expectations
Pentair plc price-eps-surprise | Pentair plc Quote
Outlook: Pentair expects adjusted earnings per share between $2.25 and $2.30 for fiscal 2018. Sales is projected at $2.96 billion, up 3 to 4% on a reported and core basis over 2017.
Pentair initiated second quarter adjusted earnings per share guidance range of 67-69 cents. Sales is expected to be around $0.79 billion, up 4 to 5% on a reported basis and up 3 to 4% on a core basis compared to second quarter 2017. Both the guidance ranges reflect the anticipated separation of its Electrical business, nVent Electric plc, on April 30, 2018.
Zacks Rank: Currently, Pentair carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Pentair’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Pentair earnings report!
The Hottest Tech Mega-Trend of All